Moody's downgrades Sprint (S) to B1 from Ba3 in light of the company's plan to seek financing...

Moody's downgrades Sprint (S) to B1 from Ba3 in light of the company's plan to seek financing for the build-out of its 4G network and the introduction of the iPhone. The moves "will strain liquidity and push leverage to approximately 5X before the benefits of the investment begin to accrue."